Journal ArticleDOI
An extension of the analytic hierarchy process for industrial R&D project selection and resource allocation
TLDR
In this article, an extension of the Analytic Hierarchy Process (AHP) for priority setting and resource allocation in the industrial R&D environment is explored, and an AHP modeling framework is developed, and is linked to a spreadsheet model to assist in the ranking of a large number of project alternatives.Abstract:
The research and development project selection decision is concerned with the allocation of resources to a set of proposals for scientific and engineering activities. The project selection and resource allocation process can be viewed as a multiple-criteria decision-making problem, within the context of the long-range and strategic planning process of the firm. The purpose of this paper is explore the applicability of an extension of the Analytic Hierarchy Process (AHP) for priority setting and resource allocation in the industrial R&D environment. In this paper, an AHP modeling framework for the R&D project selection decision is developed, and is linked to a spreadsheet model to assist in the ranking of a large number of project alternatives. Next, cost-benefit analysis and integer programming are used to assist in the resource allocation decision. The paper concludes with an evaluation of the suitability of this approach as an expert support system, and directions for future research and testing.read more
Citations
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Journal Article
Multi-criteria approach to project portfolio selection considering structural hardness and correlations between projects
TL;DR: A project portfolio selection model is proposed considering hardness and correlations between projects, and the capability of the model to solve large-sized problems in a suitable time is shown.
Book ChapterDOI
Using AHP for Text Book Selection
TL;DR: An attempt at using a formal procedure for textbook selection, based on the analytic hierarchy process and utilizing the software package Expert Choice is described.
Proceedings ArticleDOI
Matching of R&D Resources for Complex Products Based on the Two-Sided Matching Theory
Yang Pan,Xinguo Ming,Siqi Qiu +2 more
TL;DR: Since one supplier can supply multiple customers at the same time, this paper transforms the one-to-many two-sided matching problem between the resource demanders and the resource providers into a one- to-one two- sided matching problem, and uses the Gale-Shapley algorithm to solve it.
Journal ArticleDOI
A framework for assessing the riskiness of construction of a structural experiment project under Sino-African laboratory environment
TL;DR: In this article, the authors investigated the state of the art of laboratory experiments management through literature by exploring the existing frameworks for quality and risks management in laboratory environment, and evaluated and presented the value of this concept by implementing the proposed framework to assess the riskiness of a construction experiment project under international (Sino-African) laboratory environment.
References
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Journal ArticleDOI
A Scaling Method for Priorities in Hierarchical Structures
TL;DR: A method of scaling ratios using the principal eigenvector of a positive pairwise comparison matrix is investigated, showing that λmax = n is a necessary and sufficient condition for consistency.
Journal ArticleDOI
Marketing Applications of the Analytic Hierarchy Process
Yoram Wind,Thomas L. Saaty +1 more
TL;DR: The thrust of the paper is a discussion of a number of illustrative applications of the AHP covering the following areas: the portfolio decisions of a firm whose management is concerned with the determination of the desired target portfolio and allocation of resources among its components.
Journal ArticleDOI
Incomplete pairwise comparisons in the analytic hierarchy process
TL;DR: In this article, the authors explore various methods for reducing the complexity of the preference eliciting process in a group decision-making session, where the group structures the problem in a hierarchical framework and pairwise comparisons are elicited from the group for each level of the hierarchy.
Journal ArticleDOI
An Experimental Comparison of Different Approaches to Determining Weights in Additive Utility Models
TL;DR: In this paper, Saaty et al. compared five conceptually different approaches in terms of their weights and predictive ability, and found that on average, the methods predicted about equally well, except for unit weighting which was clearly inferior.
Journal ArticleDOI
R & D project selection models: An assessment
TL;DR: The existing normative R&D benefit measurement and project selection literature is assessed and the limitations inherent in the proposed models are determined.